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Greece On Track To Promote Gaming Entity, OPAP

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Greece locations gaming business on the block to elevate funds for EU

The Greek government has begun the process of marketing of its monopolistic stake in gaming entity OPAP in its revised initiatives to privatize the company so that it can deflect the ongoing scrutiny it receives from the international loan providers.

They at the moment have a 34 percent stake in OPAP, which is one of the biggest European listed gambling firms.  It will start to promote 29 % of shares to private organizations on its commitment to reform and spending it personal debt to the European Group.

Primary Minister Antonis Samaras&#8217 authorities in the past has hinted it was eying an autumn sale of OPAP as a &#8220quick acquire&#8221 on the privatization entrance.  This will seem very good for inspectors from the European Commission who are at the moment in Athens now to decide if they must get further help in accordance with the nations agreed bail out bundle.

A single of the main jobs for the new OPAP Chairman, Konstantinos Louropoulos is to get the privatization in purchase once again with the government’s Hellenic Republic Property Advancement Fund (HRADF) agency.

Appears like the board will meet on September 19th and get started the global tender approach to market its 29 percent stake in the firm.

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